Are the regional banks bouncing back?
$Western Alliance(WAL)$
Hopefully, the stocks of regional banks have found their supports. With a resolution in sight for lifting of the debt ceiling, failure of which would otherwise lead to a catastrophic fallout of the US economy, shares of regional banks, particularly the likes of Western Alliance Bancorp that have been beaten down severely, are due for strong rebound.
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PACW 2x over WAL % gain today and WAL was the RB with the good news. Crazy times on Wall Street lately
This is amasing, shorts will be broke.